Uber’s Profit Forecast Falls Short as Driver Shortages and Rising Costs Weigh on Growth
Uber has forecast fourth-quarter adjusted earnings below Wall Street expectations, as driver shortages, rising fuel prices and the ongoing Middle East conflict weigh on its ride-hailing business across markets including India, Brazil and Canada....
Coca-Cola Raises 2026 Profit Forecast on Strong Global Demand
Coca-Cola on Tuesday raised its annual profit forecast, supported by strong demand for its beverages in markets such as India, China, Mexico and Brazil. Global unit case volumes increased around 5% in the third...
American Express Raises 2026 Profit Forecast, Plans 5% Workforce Cut
American Express raised its 2026 profit forecast above Wall Street expectations on Friday after reporting stronger-than-expected third-quarter results. The company now expects full-year adjusted earnings of $17.60 to $17.90 per share, exceeding analysts’ estimates...
Best Buy Raises Full-Year Sales and Profit Forecasts
Best Buy has raised its full-year sales and profit forecasts, betting that an artificial intelligence-driven device upgrade cycle will help offset cautious consumer spending. The U.S. electronics retailer now expects annual revenue of $42.3...
Estée Lauder Forecasts Stronger Profit on Luxury Beauty Demand
Estée Lauder expects fiscal 2027 adjusted earnings to beat Wall Street estimates, supported by resilient demand for premium fragrances and skincare, particularly in China. Shares rose nearly 8% in premarket trading after the cosmetics...